Announced Fri, 7 Aug · 11:02 IST
Statutory Auditor M/s D. Kothary & Co resigns due to fee disagreement
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹41.75
prior close
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base price
In-mkt
timing
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AI summary
Statutory Auditor M/s D. Kothary and Co has resigned effective 6 August 2026 due to inability to agree on a mutually acceptable fee structure. The auditor was appointed on 14 July 2025 with term scheduled to end 31 March 2029. They had issued the FY25-26 audit report on 20 May 2026 and the Q1 FY27 limited review report. The company will now initiate the process of appointing a new statutory auditor. The auditor confirmed no other material reason for resignation.
Likely market impact
Mildly negative; auditor exit before term ends due to fee dispute. Company must appoint a new auditor. No governance red flags reported.